President also stressed that the country has not taken effective measures to combat inflation, which mostly affects poor people. In the first quarter, consumer prices in Ukraine rose by 9,3 percent, almost surpassing the annual target. This anti-inflation program of the government does not give the desired results.

According to Yushchenko, now Ukraine’s inflation is the biggest in Europe. Because of rising prices forced the National Bank of Ukraine was the first time since 2003 to revalue the hryvnia, which sparked strong criticism from many officials.

Inflation strongly influenced and in many sectors of Ukrainian economy. For example, the country’s largest banks have stopped issuing mortgages in UAH, explaining his decision that they should work together with foreign currency.

Statements Yushchenko could be viewed as a reproach to the Government of Yulia Tymoshenko. The Prime Minister repeatedly promised that the inflation in the country will gradually fall.

29 May 2008 | , , country, fight, inflation, man, president, viktor yushchenko

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